Roger Babson and the 1929 Crash: Action Reaction Ien.wikipedia.org
The Late Roger Babson allegedly predicted the 1929 crash and hence made what was probably the trade of last century. It would be the equivalent of a billion dollar trade in today's market.
Dr Alan Andrews later took his mentor's concepts, which related to Newtonian physics and devised the Action-Reaction method of technical analysis; modelled on Newton's Third Law.
Babson was an interesting character- who merged business, science and esoterics. Like most visionaries he was treated sceptically in his own lifetime. Certainly his adventures in antigravity helped disguise his genius.
Other than the famous 'Babson Chart' there is little to go on as to how he did what he did in 1929.
But an acquaintance and I believe we have deduced the method.
Tradingview makes easier for contemporary traders to mechanise what was a laborious task in the 20th century.
I present to you: the action-reaction chart
NOT TRADING ADVICE
